Popular Economist Saying “Bitcoin Is On The Verge Of A Critical Decision” Announces BTC Target!

bitcoin With the rally in recent weeks throwing itself above $31,000, investors are wondering if the rise in BTC will continue.

Experts point out the importance of the $32,000 level in BTC if this level is exceeded. BTCHe states that it can rise up to $ 38,000.

Popular economist and crypto analyst at this point Alex Kruger In his recent video, he stated that he is optimistic about Bitcoin price and said that BTC may experience strong rallies in the near future.

bitcoinPointing out that during the Terra collapse last May, it was between $31,000-37,000 and has significant liquidity in this range, Alex Krüger said that if BTC enters this range again and stands strong. “A strong rally can be ignited.” said.

“Whether BlackRock’s spot Bitcoin ETF application will be approved is debatable, but likely will. There are strong signs in this regard.

However, even the applications made the price of Bitcoin go up.

Technically speaking, we are on the verge of a critical resistance in Bitcoin. I think the critical threshold for BTC is between $31,000 and $37,000.

At this point, we are on the verge of an escape in BTC. If Bitcoin takes a firm stance in this range, it will continue to rise.”

The famous economist also due to regulatory pressure in the USA bitcoinhas separated from other risky assets and is experiencing a correction, but BTC And cryptocurrencyHe also said that he expects FX to start moving more in sync with other risky assets and continue to rise.

*Not investment advice.